What Valuation Professionals Need to Know about FHA’s Handbook Revisions

Much has been written recently about the new Federal Housing Administration Single Family Housing Policy Handbook (Handbook 4000.1), including some misinformation. Here’s what valuation professionals should know about the revisions.

The Appraisal Institute last week wrote to FHA highlighting a comprehensive review by the Appraisal Institute comparing it with the previous Handbook. This review uncovered new protocols; however, there also are instances of much-needed clarification of issues and concerns that FHA appraisers have expressed for many years.

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